Barclays lowered the firm’s price target on Monday.com (MNDY) to $202 from $258 and keeps an Overweight rating on the shares following the earnings report. The company continues to be impacted by an initial fiscal 2025 outlook “that left little room for error and subsequently a disconnect with investor expectations,” the analyst tells investors in a research note. The firm says Monday.com’s upmarket momentum is not enough to offset the impact of Google search trends and softer small business net new additions.
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